Summary
Ontario Premier Doug Ford warned that Canada could cut off energy exports to the U.S. if Donald Trump imposes a proposed 25% tariff on Canadian goods.
Ford emphasized that 60% of U.S. crude oil imports and 85% of electricity imports come from Canada, highlighting the potential impact.
Canadian leaders, including Prime Minister Justin Trudeau, criticized the tariffs as harmful to both economies, while Deputy PM Chrystia Freeland suggested broader retaliatory measures.
The dispute raises concerns over trade relations and escalating economic uncertainty for both nations.
Yeah, Canadian crude is mostly heavy. Do you know where the Americans are sending their light crude (and why they don’t just refine it themselves)?
it looks like they do refine it, just that petroleum products are counted in petroleum exports. these then are sold everywhere, esp to countries that don’t have refineries https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
so crude is imported but propane, diesel and greases exported. some crude is exported to friendly countries that have no oil but have well developed chemical industries, like south korea or netherlands
OP’s source specifically says crude oil, though.
I see the problem now, the exports are listed in thousands of barrels, not millions like the import source provided.